A chain of Fix Price fixed price stores has been launched in Armenia, the first outlet has been opened in Yerevan. The company announced this on its official website.
The Republic became the ninth country in which the chain operates; Earlier this year, Fix Price entered the Mongolian market.
“The assortment of the store in Yerevan includes 1700 basic items in 11 price categories, from 399 to 2499 AMD. Delivery to the store is carried out by road from the company’s distribution center in Krasnodar,” the company said in a statement.
The store in Armenia became part of the Fix Price franchise network. The opening of the second point in Yerevan is scheduled for next month.
As of May 15, 653 franchised stores operate in all the countries where the chain operates. The entire network has 5.92 thousand points of sale.
Fix Price was founded in 2007 by Artem Khachatryan and Sergey Lomakin. Today he works in Russia, Belarus, Georgia, Mongolia, Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia and Latvia. At the end of 2022, the company’s revenue amounted to 277.6 billion rubles, the net profit according to IFRS – 21.4 billion rubles.
In late 2022, the media reported that Fix Price was considering options to enter the UAE market. The company posted job openings on HeadHunter for specialists in various fields whose assignments include working with a group of stores in the United Arab Emirates.
Author:
Natalia Gormaleva
Source: RB
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